IMF Vultures Swoop to Asset-Strip Ukraine

Following a western-backed coup, the IMF is wasting little time in sending its vultures to asset strip Ukraine, with the announcement that the International Monetary Fund will offer financial assistance in return for “policy reforms”.

Issuing the IMF’s first official response to the crisis, managing director Christine Lagarde said IMF officials would be dispatched to Ukraine to, “start discussing with the Ukrainian authorities which policy reforms would be required in exchange for an emergency loan program,” reports the Associated Press.

In other words, just as it did in Greece, the IMF is about to turn Ukraine into its latest debt slave, helping western banks in looting the country of its prized assets and natural resources while imposing draconian austerity measures on the population in order to fill a $35 billion dollar hole and stop the country going into default.

While Euromaidan protesters may have been deluded into thinking they were fighting for “democracy” in ousting an elected president, the kind of “democracy” the IMF practices – installing unelected technocrats accountable only to itself while robbing the host population through onerous taxes, the sell-off of public infrastructure, and painful austerity fascism – is going to make Viktor Yanukovych look like a populist in comparison.